RSA Insurance Group PLC Director/PDMR Shareholding (7944H)
20 November 2018 - 1:00AM
UK Regulatory
TIDMRSA
RNS Number : 7944H
RSA Insurance Group PLC
19 November 2018
RSA Insurance Group plc
("the Company")
Transactions in shares by Persons Discharging Managerial
Responsibility ("PDMRs")
Ordinary Shares of GBP1.00 each
19 November 2018
The Company announces the following changes to the interests of
PDMRs in the Company's Ordinary Shares of GBP1.00 each
("Shares").
On 16 November 2018 the nil cost Conditional Awards over Shares
granted on 16 November 2015 under the terms of the RSA Performance
Share Plan 2014 ("PSP") to the following PDMR vested as shown in
the table below.
Name No. of Performance No. of Dividend No. of
Shares vested Equivalent Shares sold
Shares on to cover
Performance statutory
Shares deductions
Martin
Thompson 13,820 1,180 8,055
------------------- ---------------- -------------
-- As disclosed in the Company's 2017 Annual Report and
Accounts, Performance Shares vested at 57.7% following testing of
Group underlying Return on Tangible Equity (ROTE), Relative Total
Shareholder Return (TSR) and Business Review Scorecard factors.
-- The Dividend Equivalent Shares are added to the award at
vesting in accordance with the rules of the PSP and Directors'
Remuneration Policy.
-- Shares sold to cover statutory deductions were sold at a
price of GBP5.35 per share on 16 November 2018.
-- Shares retained have been transferred to the Equatex nominee
account operated by RSA as part of the share plan administration
system.
The forms required under the EU Market Abuse Regulation
follow.
1. Details of PDMR / Closely Associated Person ("CAP")
a) Name Martin Thompson
------------------------------- ---------------------------------------------
b) Position / status CEO, Canada
------------------------------- ---------------------------------------------
c) Initial notification Initial Notification
/ amendment
------------------------------- ---------------------------------------------
2. Details of the issuer
------------------------------------------------------------------------------
a) Name RSA Insurance Group plc
------------------------------- ---------------------------------------------
b) LEI 549300HOGQ7E0TY86138
------------------------------- ---------------------------------------------
3. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where
transactions have been conducted
------------------------------------------------------------------------------
a) Description Ordinary Shares of GBP1 each
of the financial ISIN: GB00BKKMKR23
instrument
------------------------------- ---------------------------------------------
b) Nature of the Vesting of Performance Share award granted
transaction on 16 November 2015 over Ordinary Shares
under the terms of the RSA Performance
Share Plan 2014 (PSP).
------------------------------- ---------------------------------------------
c) Price(s) and Price(s) per unit Volume(s)
volume(s) NIL 13,820
----------
------------------------------- ---------------------------------------------
d) Aggregated information
* Aggregated volume
13,820
* Price NIL
------------------------------- ---------------------------------------------
e) Date of the 16 November 2018
transaction
------------------------------- ---------------------------------------------
f) Place of the XLON London Stock Exchange
transaction
------------------------------- ---------------------------------------------
3. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where
transactions have been conducted
------------------------------------------------------------------------------
a) Description Ordinary Shares of GBP1 each
of the financial ISIN: GB00BKKMKR23
instrument
------------------------------- ---------------------------------------------
b) Nature of the Vesting of Dividend Equivalent Share
transaction award granted as part of the Performance
Share award on 16 November 2015 over
Ordinary Shares under the terms of the
RSA Performance Share Plan 2014 (PSP)
at nil cost and added to that award at
vesting.
------------------------------- ---------------------------------------------
c) Price(s) and Price(s) per unit Volume(s)
volume(s) NIL 1,180
----------
------------------------------- ---------------------------------------------
d) Aggregated information
* Aggregated volume
1,180
* Price NIL
------------------------------- ---------------------------------------------
e) Date of the 16 November 2018
transaction
------------------------------- ---------------------------------------------
f) Place of the XLON London Stock Exchange
transaction
------------------------------- ---------------------------------------------
3. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where
transactions have been conducted
------------------------------------------------------------------------------
a) Description Ordinary Shares of GBP1 each
of the financial ISIN: GB00BKKMKR23
instrument
------------------------------- ---------------------------------------------
b) Nature of the Sale of shares to cover statutory deductions
transaction on both the share awards vested on 16
November 2018 under the RSA Performance
Share Plan 2014 and the corresponding
Dividend Equivalent Shares.
------------------------------- ---------------------------------------------
c) Price(s) and Price(s) per unit Volume(s)
volume(s) 5.35 8,055
----------
------------------------------- ---------------------------------------------
Aggregated information
* Aggregated volume
8,055
d) * Price 5.35
------------------------------- ---------------------------------------------
e) Date of the 16 November 2018
transaction
------------------------------- ---------------------------------------------
f) Place of the LSE (London SE SETS)
transaction CHIXUK (Chi-X Europe Ltd Crest)
------------------------------- ---------------------------------------------
--ENDS--
Enquiries to:
Christopher Smyth, Deputy Group Company Secretary
Tel: +44 (0)20 7111 7000
Website: www.rsagroup.com
LEI: 549300HOGQ7E0TY86138
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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